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  • Price cut: $26.2K (7/8)
    $499,700

    4928/5000 SW 16th Pl, Cape Coral, FL 33914

    4beds
    2,400sqft
    : 
    $3,255/mo
    Get pre-qualified
    Duplex, Multi Family
    Built in 1983
    -- sqft lot
    $-- Zestimate®
    $208/sqft
    $-- HOA

    What's special

    Fully renovated duplexHeated poolLarge heated poolOversized screened lanaiPrivate fenced yard
    Rare fully renovated duplex with a heated pool just minutes from Cape Harbour—now offered at an exceptional new price of $499,700. This income-producing property offers a proven vacation rental history with over $59,000 in gross rental income and is located in one of Southwest Cape Coral's most desirable neighborhoods, just minutes from waterfront dining, shopping, entertainment, marina access, and boating. The property features two spacious 2-bedroom, 2-bath residences totaling 2,400 square feet, providing exceptional flexibility for investors, seasonal owners, or buyers looking to live in one unit while the other helps offset the mortgage. One furnished unit has an established turnkey vacation rental history, while the second unit is becoming available, giving the next owner the opportunity to increase rental income, expand the vacation rental program, continue a hybrid rental strategy, or occupy one side. A truly rare feature for a duplex, the property includes a large heated pool, oversized screened lanai, and private fenced yard—amenities that attract both vacation guests and long-term tenants. With the long-term tenant vacating, the new owner has immediate flexibility to maximize income potential while benefiting from an established rental history. Whether you're expanding your investment portfolio, searching for a seasonal home with income potential, or looking to house hack by living in one unit and renting the other, this property offers exceptional versatility. Investment opportunities combining this location, flexibility, proven rental income, and a private heated pool rarely become available in Southwest Cape Coral—especially at this price.
    139 days
    |
    551
    |
    49
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Brian Koonmen 239-980-7714,

    RE/MAX Trend

    Source: Florida Gulf Coast MLS,MLS#: 2026011492MLS LogoOriginating MLS: Florida Gulf Coast

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • Central, Electric
      Cooling
      • Central Air, Ceiling Fan(s), Electric, Zoned
      Features
      • Flooring: Tile
      • Windows: Single Hung
      Interior area
      • Total structure area: 2,400
      • Total interior livable area: 2,400 sqft
      Video & virtual tour

      Property

      Features
      • Exterior features: Fence, Sprinkler/Irrigation
      • Has private pool: Yes
      • Pool features: Concrete, In Ground, Screen Enclosure
      • Waterfront features: None
      Lot
      • Size: 10,018 Square Feet
      • Dimensions: 80 x 125 x 80 x 125
      • Features: Rectangular Lot, Sprinklers Automatic
      Details
      • Parcel number: 164523C204633.0400
      • Lease amount: $0
      • Zoning description: RD-D

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Duplex
      • Property subtype: Duplex, Multi Family
      Materials
      • Block, Concrete, Stucco
      • Roof: Shingle
      Condition
      • Resale
      • Year built: 1983

      Utilities & green energy

      • Sewer: Assessment Paid, Public Sewer
      • Water: Assessment Paid, Public
      • Utilities for property: Cable Available

      Community & HOA

      Community
      • Features: Non-Gated
      • Condo and coop fee: $0
      • Membership fee: $0
      • Subdivision: CAPE CORAL
      HOA
      • Amenities included: None
      Location
      • Region: Cape Coral

      Financial & listing details

      • Price per square foot: $208/sqft
      • Tax assessed value: $123,269
      • Annual tax amount: $3,552
      • Date on market: 3/10/2026
      • Cumulative days on market: 311 days
      • Listing terms: All Financing Considered,Cash
      • Tenant pays: Cable TV, Electricity
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,614/mo

        Price history

        DateEventPrice
        7/8/2026Price change$499,700-5%$208/sqft
        Source: Florida Gulf Coast MLS #2026011492 Report a problem
        6/22/2026Price change$525,900-1.9%$219/sqft
        Source: Florida Gulf Coast MLS #2026011492 Report a problem
        5/15/2026Price change$535,900-1.8%$223/sqft
        Source: Florida Gulf Coast MLS #2026011492 Report a problem
        3/10/2026Listed for sale$545,900+9.1%$227/sqft
        Source: Florida Gulf Coast MLS #2026011492 Report a problem
        10/4/2023Sold$500,200+72.5%$208/sqft
        Source: Public Record Report a problem
        10/7/2020Sold$290,000+65.7%$121/sqft
        Source: Florida Gulf Coast MLS #220029137 Report a problem
        6/26/2019Listing removed$1,350$1/sqft
        Source: Royal Shell Real Estate Inc #219036148 Report a problem
        5/28/2019Price change$1,350-3.2%$1/sqft
        Source: Royal Shell Real Estate Inc #219036148 Report a problem
        5/16/2019Listed for rent$1,395$1/sqft
        Source: Royal Shell Real Estate Inc #219036148 Report a problem
        8/8/2014Sold$175,000+45.8%$73/sqft
        Source: Public Record Report a problem
        12/12/2012Sold$120,000+17.6%$50/sqft
        Source: Public Record Report a problem
        6/18/2012Sold$102,000-35.4%$43/sqft
        Source: Public Record Report a problem
        12/22/2003Sold$158,000+46.3%$66/sqft
        Source: Public Record Report a problem
        8/5/1997Sold$108,000$45/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,552 +3.5%$123,269
        2024$3,433 +5.6%$123,269
        2023$3,251 -42.1%$123,269 -52.1%
        2022$5,619 +11.8%$257,216
        2021$5,024 +8.5%--
        2020$4,631 +6.1%$204,195 -2%
        2019$4,365 $208,340 +23.5%
        2018$4,365 $168,756
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 33914

        Getting around

        55 / 100
        Somewhat Walkable
        44 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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